Indian Stock Market on 15.01.25

Indian markets extended their rally for a second day. The Sensex rose 0.29% to close at 76,724.08, while the Nifty 50 inched up 0.23%. Gains in financial heavyweights and Reliance Industries offset losses in pharma and auto stocks, keeping overall sentiment positive despite concerns over slowing earnings growth. Reliance surged 1.1%, snapping a four-session decline, while Adani Green led the energy sector with a 2.8% rise. However, auto stocks lagged, with Mahindra & Mahindra sliding nearly 3%.

Mid- and small-cap indices also attracted buying interest, with the Nifty Smallcap 100 and Nifty Midcap 100 gaining 0.56% and 0.41%, respectively. IT stocks rebounded 0.8% after a sharp decline earlier in the week, while HDFC AMC surged 4.6% on strong quarterly results.

Meanwhile, Asian markets showed mixed performance, reflecting Wall Street’s cautious optimism. Investors remain focused on US Consumer Price Index (CPI) data, expected later in the day, which could influence Federal Reserve rate decisions and global liquidity flows.

European markets opened higher on Wednesday, buoyed by broad-based gains and easing bond yields. The STOXX 600 edged up 0.3% as of 0809 GMT, breaking a three-day losing streak, while the FTSE 100 outperformed, climbing 1.21%, fueled by unexpectedly soft UK inflation data.

In the commodity space, Brent crude rose 0.6% to $80.43 per barrel, recovering from the previous session’s losses. Gold prices fell modestly in India, with 24-carat gold priced at ₹8,012.3 per gram, down ₹130. Silver also slipped, losing ₹2,200 per kilogram to ₹95,500.

Foreign institutional investors continued to offload Indian equities, selling $3.2 billion worth of shares in January, driven by expectations of fewer US rate cuts this year. Domestically, institutional investors provided some support, with net purchases of ₹7,901.06 crore on January 14.